Crypto mining platform Bitdeer to go public through $4 billion SPAC merger
Information about Crypto mining platform Bitdeer to go public through $4 billion SPAC merger
(Reuters) – Bitdeer Technologies said on Thursday it plans to go public by merging with blank-check firm Blue Safari Group Acquisition Corp in a deal valuing the cryptocurrency mining platform at $4 billion.
The Singapore-based company was spun-off from Chinese bitcoin mining giant Bitmain in January and has been doubling down on its adoption of renewable technology in digital asset mining.
The special purpose acquisition company (SPAC), Blue Safari Group, went public in June, raising $57.5 million from its initial public offering.
A SPAC is a listed firm with no business operations but a pool of capital that it uses to merge with a private company. The deal then takes the private company public.
This year, several companies in the digital asset space have …